South Carolina § 33-1-420 Number of shareholders.

South Carolina Statutes

§ 33-1-420 — Number of shareholders.

South Carolina § 33-1-420

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 1GENERAL PROVISIONS

This text of South Carolina § 33-1-420 (Number of shareholders.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 33-1-420 (2026).

Text

(a)For purposes of Chapters 1 through 20 of this Title, the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder:

(1)three or fewer co-owners;

(2)a corporation, partnership, trust, estate, or other entity;

(3)the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.

(b)For purposes of Chapters 1 through 20 of this Title, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.

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(a) For purposes of Chapters 1 through 20 of this Title, the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder: (1) three or fewer co-owners; (2) a corporation, partnership, trust, estate, or other entity; (3) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account. (b) For purposes of Chapters 1 through 20 of this Title, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.